What would you do if you had $5,050 to spend? Add an exotic destination to your travel bucket-list. Do you want to invest? Get rid of your credit card debt. Make a large downpayment on a vehicle? You can enjoy the peace of mind that comes with having an emergency fund in your savings. The possibilities are endless, but there’s some real opportunity to achieve your financial goals!
You have many options when you have a nest egg. But building it is the hard part. Saving money usually isn’t nearly as much fun as non-essential spending, but the 100 Envelope Challenge puts a novel twist on plumping up your piggy bank with some extra cash.
Would you rather read than watch? Heard it From Hannah: Learn more about the cash-stuffing savings challenge
What is the 100 Envelope Challenge?
The 100 Envelope Money Saving Challenge (also known as the Cash Stuffing Saving Challenge) is a fun personal finance trick that’s been going viral on TikTok and beyond.
It’s just a way to save money, really, but the method used makes it more like a game. Here’s how it’s done:
Buy 100 Envelopes. This part costs Hannah $10.49.